Guardian Pipeline, L.L.C.

Original Volume No. 1

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Effective Date: 08/01/2010, Docket: RP10-926-000, Status: Effective

Seventh Revised Sheet No. 105 Seventh Revised Sheet No. 105

Superseding: Sixth Revised Sheet No. 105

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

2. DEFINITIONS (Continued)

 

o "Maximum Storage Quantity" and "MSQ" mean the maximum

quantity of Natural Gas that Transporter is required to store

for Shipper or for the account of Shipper pursuant to a

Service Agreement as set forth on Exhibit "A" to the

Shipper's Service Agreement.

 

o "Month" means the period beginning at 9:00 a.m. CCT on the

first Day of the calendar month and ending 9:00 a.m. CCT on

the first Day of the next succeeding calendar month.

 

o "NAESB" means the North American Energy Standards Board.

 

o "NAESB Standard" means a standard issued by NAESB and adopted

by the Commission.

 

o "Natural Gas" means any mixture of hydrocarbons, consisting

essentially of methane, and inert or noncombustible gases

which are extracted from the subsurface of the earth in their

natural state meeting the quality and pressure specifications

set forth in Sections 3 and 4.

 

o "Negotiated Rate" means a rate or rate formula for computing a

rate for service under a single rate schedule pursuant to

Section 26.2 herein.

 

o "Net Present Value" shall mean the calculation of net present

value of the reservation charge that requestor would pay at

the rates requestor has bid, which shall not be less than the

minimum rate nor greater than the maximum rate, as stated on

the currently effective Tariff sheet governing such service,

over the term of service specified in the request, utilizing

as the discount factor the FERC-approved interest rate as such

rate may be in effect from time to time.

 

o "Nominated LBS Undertake Quantity" means the quantity of Natural

Gas on any Day pursuant to Rate Schedule LBS actually delivered to

Shipper or for the account of Shipper by Transporter that was

nominated by Shipper from an Alternative Vector Point of Receipt

and scheduled by Transporter, and such quantity is credited to

Shipper's LBS Account balance by Transporter.

o "Operational Balancing Agreement" and "OBA" mean a contract

between two parties which specifies the procedures to manage

operating variances at an interconnect.